HRT -Hormone Replacement Therapy in Palisades, NY.
201-292-0706
Enjoying Life Without Compromise: HRT for Women in Palisades, NY
If there's one universal truth, it's that all of our bodies begin changing at some point. That's especially true for women who are over the age of 50. One day it seems like we're rolling out of bed with a pep in our step. The next, our emotions are out of control, our weight won't go down, and we constantly have hot flashes. If that sounds like you, don't worry – millions of other women worldwide are going through the same difficulties.
The fact of the matter is these symptoms are part of a natural process women go through. This change, called menopause, marks the end of a woman's ability to reproduce and menstruate. The average age for this to occur is 51, though it officially begins a year after a woman's final period. During this transition to menopause, estrogen and other hormones in a woman's body start to deplete When those hormones deplete, frequent and sometimes severe symptoms can manifest:
The symptoms of hormone deficiency can be scary for both women and their partners. That makes dealing with a hormone deficiency tricky because many symptoms are tied to nutrition, stress, lack of exercise, and toxins in your body.
However, if you're getting older and dealing with some of the symptoms listed above, have hope. A solution to your hormone problems may be closer than you think. Hormone replacement therapy for women may help correct imbalances caused by menopause. These effective, safe treatments help many women throughout the menopause process and may even help them reclaim their youth.
Our HRT Services
- Enjoying Life Without Compromise: HRT for Women in Palisades, NY
- The Juventee Difference
- Juventee's Custom HRT Treatments for Women
- Benefits of HRT for Women in Palisades, NY
- Common Issues Women Experience During Menopause
- A New Youthful You Awaits at Juventee TRT in Palisades, NY
Services Area
Is HRT for Women the Right Answer?
To live a healthy life, hormone stability is very important for women. That's where the beauty of HRT treatments for women begins to shine because it balances hormones that would otherwise be altered due to menopause.
HRT treatments for women represent a revolutionary step toward living life without the pitfalls of old age. However, at Juventee, we understand that no two women, and by proxy, patients, are the same. That's why our team of doctors and specialists provide personalized treatment options for women, combining holistic treatment, nutrition, fitness plans, and more to supplement our HRT treatments.
Is HRT the answer if you feel exhausted, overweight, and moody? That's the million-dollar question that we're asked almost every day. And to be honest, it's hard to say without a comprehensive exam by an HRT expert at Juventee. What we can say is that when a woman's hormones are better balanced during menopause, she has a much better chance of enjoying life without the crippling symptoms that other women feel.
At Juventee, helping women reclaim their vitality and love of life is our top priority. While some HRT clinics see patients as nothing more than a means to make money, our team is cut from a different cloth.
The Juventee Difference
The key to balancing your hormones and improving your well-being is a process that we have refined over time. The Juventee HRT process consists of a comprehensive review of your health and hormonal status. Our team then customizes your plan and prescribes treatments, procedures, and supplements under the guidance of our local HRT experts.
At Juventee, we want to revitalize your health by promoting balance, energy, intimacy, and beauty. We start by assessing your baseline biomarkers and implementing a personalized plan to help you feel like your younger self. Our in-depth process covers many factors, almost like a web. Each component of that web works in conjunction with others to make up how you feel. If one area is out of sync, women can experience unwanted fluctuations in their weight, energy, emotions, libido, and more. Juventee is committed to evaluating our patient's overall health so that we may bring vitality and happiness to as many aspects of their lives as possible.
We've mentioned all the greatness that can come with an HRT regimen from Juventee, but what exactly are the benefits of HRT for women? Let's take a look.
We Work With
Juventee's Custom HRT Treatments for Women
Unlike some HRT clinics, Juventee's HRT programs are carefully crafted and personalized for each patient. There are no cookie-cutter solutions at our office. Instead, we assess each individual's needs and customize treatments to help their bodies as they age. We replace hormones that are deficient and restore them to their physiological state using HRT pellets.
These hormone pellets are prescription hormones inserted under the skin through a simple in-office procedure. Each pellet is about as large as a big grain of rice. Once inserted, our HRT pellets get to work quickly. With this treatment, patients don't have to worry about applying greasy creams or swallowing pills. Instead, our pellets are metabolized by the body. That way, patients don't stress over taking too much or too little.
Remember, at Juventee, our goal isn't just to balance your hormones – it's to completely optimize your health and well-being. You won't ever have to worry about our doctors writing you a prescription and sending you on your way without any additional communication. Instead, we aim to be part of our patient's journey back to health and work with all of our HRT patients to do so.
Benefits of HRT for Women in Palisades, NY
Hormone imbalance causes a litany of issues. But with hormone replacement therapy, females can better process calcium, keep their cholesterol levels safe, and maintain a healthy vagina. By replenishing the body's estrogen levels, HRT may relieve symptoms of menopause and even optimize bone health.
But that's just the start. At Juventee, our patients report many benefits of taking HRT for women:
- Less Chance of Depression
- Better Sleep
- Healthier Libido
- Not As Many Hot Flashes
- Optimal Vaginal Health
- Better Levels of Cholesterol
- Improved Memory & Concentration
- Improved Strength & Muscle Mass
- Less Risk of Breast Cancer
- Less Risk of Alzheimer's Disease
If you're ready to feel better and enjoy the vitality of your youth, Juventee is here to help you every step of the way. It all starts with an in-person evaluation, where our team will determine if HRT is right for you.
Common Issues Women Experience During Menopause
For many women, menopause is a difficult time filled with ups, downs, and hormonal hurdles to overcome. While menopausal issues are well-known by some, other women only know that menopause can affect their hormones. The reality is that going through menopause can mean more than moodiness and hot flashes.
At Juventee, we're big believers that a little knowledge can go a long way. With that in mind, if you're going through menopause or are approaching "that" age, consider these common issues. First, let's examine some alternative causes of menopause beyond age:
What Causes Menopause?
The most common reason for menopause is diminished, unbalanced hormones. However, menopause can also result from:
- Oophorectomy: This surgery removes a woman's ovaries and causes immediate menopause. In this situation, symptoms of menopause can be serious, as hormonal changes happen abruptly.
- Chemotherapy: Cancer treatments can cause menopause quickly, with symptoms appearing shortly after treatment.
- Ovarian Insufficiency: Referred to as premature ovarian failure, this condition happens when a woman's ovaries lose function prior to 40. Only 1% of females experience premature menopause, but HRT can help protect the heart, brain, and bones.
Now that we've examined some of the ways that menopause manifests, let's look at some common problems that females regularly endure:
Depression
If you're going through menopause and feel like life is a tiresome burden, you're not alone. Studies show that 15% of women go through depression to some degree during menopause. What many women don't learn is that depression may start much earlier, during perimenopause or even earlier.
Depression can be hard to diagnose, even without perimenopause and menopause as a factor. With that said, keep the following signs in mind. If you notice any, it might be time to speak with a physician:
- Feelings of Being Overwhelmed
- Lack of Interest
- Mood Swings
- Chronic Exhaustion
- Too Much Sleep
- Too Little Sleep
- Inappropriate Guilt
If you notice any of the signs above, it's important that you understand that you're not weak or broken. You're going through a very normal emotional experience, which may be caused by hormone deficiency. However, with proper treatment from your doctor, depression doesn't have to rule your life.
Mood Swings
You don't have to have hormonal imbalances to have mood swings. Indeed, everyone gets moody from time to time. For women going through menopause, however, mood swings can be extreme and happen often. Hormone imbalances and mood swings go together, resulting in unusual emotional changes and even issues like insomnia.
Estrogen production, a hormone that fluctuates during menopause, affects serotonin production, which regulates mood. When both hormones are deficient, mood swings can become quite prevalent.
Fortunately, HRT treatments in Palisades, NY, work wonders for women because they work to regulate hormones like estrogen. With HRT from Juventee, women don't have to settle for the negative consequences that drastic mood swings can cause.
Hot Flashes
Hot flashes: whether you're a man or a woman, you've probably heard of them. Hot flashes are very common issues associated with menopause and manifest as intense, sudden feelings of heat across the upper body. Some last a few seconds while others last many minutes, making them uncomfortable and inconvenient at all times. A few common symptoms of hot flashes include:
- Overwhelming and Intense Sensations of Heat
- Nausea
- Anxiety
- Increased Heart Rate
- Dizziness
- Headaches
Usually, a lack of estrogen causes hot flashes in menopausal women. Low levels of estrogen negatively affect a woman's hypothalamus, or the part of the brain that regulates appetite and body temperature. Low estrogen levels cause the hypothalamus to assume incorrectly that the body is too hot. When it does, it dilates a woman's blood vessels to boost blood flow.
Fortunately, most women don't have to settle for the intense, unwanted feelings they endure with hot flashes. HRT pellet treatment from Juventee helps to stabilize hormones which may lessen the effects that hot flashes cause.
Weight Gain
Staying healthy and fit is a challenge for anybody living in modern America. For women with hormonal imbalances, however, it's even harder. Weight gain is a concerning issue during menopause, but it can be manageable with a physician-led diet, exercise, and HRT treatments from Juventee.
HRT patients at Juventee benefit from health plans that keep hormones in check, making weight loss a real possibility. But which hormones need to be regulated to help avoid weight gain?
- Progesterone: Depleted levels of progesterone may cause bloating and water retention, while loss of testosterone affects the ability to burn calories.
- Estrogen: As you know by now, estrogen levels are often imbalanced during menopause. As such, the body searches for other sources of the hormone. Because estrogen is stored in fat cells, your body thinks it needs to increase fat production to obtain more. The hormone also plays a big part in insulin resistance, which can make weight loss during menopause even harder.
- Chronic Stress: When we're stressed, our body's response is to believe that food is scarce. When this happens, our bodies go into "survival mode." During this process, cortisol production is altered. When cortisol timing changes, your body works harder to produce fat. With chronic stress, this process repeatedly happens, leading to extreme weight gain during menopause.
Low Libido
Millions of adults around the U.S. suffer from low sex drive, but that doesn't make it any more embarrassing to talk about. For many women going through pre-menopause and menopause, it's an unfortunate side effect of unbalanced hormones. Thankfully, HRT may help women maintain a healthy libido, even after 50. But what causes lowered sexual desire in women as they age?
The hormones responsible for low libido in females are estrogen, progesterone, and testosterone.
Progesterone production decreases during perimenopause, resulting in lowered libido in some women. Lower progesterone production can also cause weight gain, exhaustion, and other symptoms common during menopause. Reduced estrogen levels during menopause may lead to vaginal dryness and even loss of muscle tension.
Testosterone is referred to as a male hormone, but it contributes to important health functionality in women as well. Female testosterone heightens sexual responses and intensifies orgasms. When the ovaries can't produce sufficient levels of testosterone, low sex drive can happen.
Bone Density Loss
The inside of a woman's bones is broken down and rebuilt by bone cells in an ongoing process called remodeling. This process is crucial for maintaining bone strength and health.
However, due to the loss of estrogen during menopause, this important process becomes unbalanced. Less bone is formed, and more bone is broken down. This advanced state of bone loss can be worrying for women, especially if they had an early menopause. With time, women may develop osteoporosis and a greater chance of breaking bones as they age.
Fortunately, HRT for women can actually mimic estrogen and progesterone, which may help prevent bone loss and lower chances of osteoporosis in women. That's huge news for women around the U.S., many of whom are battling early bone loss due to a lack calcium, vitamin D, and other nutrients crucial to bone health.
A New Youthful You Awaits at Juventee
If you are considering HRT treatments for women in Palisades, NY, you need a team of hormone replacement experts by your side. At Juventee, our knowledgeable HRT doctors are ready to help. Our team will answer your initial questions, conduct necessary testing, and craft a customized program designed to alleviate the challenges you're facing as a woman going through menopause.
With a healthy diet, exercise, positive life choices, and hormone replacement therapy, unveiling the new "you" is easier than you might think. Contact our office today to get started on your journey to optimal health and well-being.
Latest News in Palisades, NY
Foreclosing On The Palisades Center
Lanning Taliaferrohttps://patch.com/new-york/nyack/foreclosing-palisades-center
Wilmington Trust asked the New York State Supreme Court to put the massive mall in West Nyack into receivership.|Updated Fri, Feb 17, 2023 at 10:20 am ETWEST NYACK, NY — The holder of a massive mortgage on the Palisades Center wants to foreclose, and filed a complaint in New York State Supreme Court Feb. 10 to get the process started.The original principal amount was $418.5 million loaned to EklecCo NewCo LLC in 2016.According to court papers, during the COVID-19 pandemic, the mall's owners, the Syracuse-b...
Wilmington Trust asked the New York State Supreme Court to put the massive mall in West Nyack into receivership.
|Updated Fri, Feb 17, 2023 at 10:20 am ET
WEST NYACK, NY — The holder of a massive mortgage on the Palisades Center wants to foreclose, and filed a complaint in New York State Supreme Court Feb. 10 to get the process started.
The original principal amount was $418.5 million loaned to EklecCo NewCo LLC in 2016.
According to court papers, during the COVID-19 pandemic, the mall's owners, the Syracuse-based Pyramid Companies, asked the bank to agree to a temporary moratorium on scheduled monthly payments and certain reserve deposits that were due. The two created a "standstill agreement" June 19, 2020, which gave the mall's owners an extension of the maturity date of the loan to Oct. 9, and then a "forebearance agreement" which ended Nov. 8.
The 2.2 million-square-foot Palisades Center, the 12th-largest mall in the country in terms of leasable space, only began returning to pre-pandemic hours in January. SEE: Palisades Center Expands Hours Of Operation
In November, the mall was appraised at $217 million, according to real estate data analysis firm Trepp. That's a quarter of its assessed value in 2016.
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Wilmington Trust filed suit against a handful of Pyramid entities with financial interests in the mall and the New York State Department of Taxation and Finance, just in case there are outstanding taxes.
They have less than a month to respond.
According to the court documents, Wilmington Trust wants to sell the mall as a whole, "in a single public sale." Until then, it asked the court to put the mall in receivership and direct all tenants to pay rent to the appointed receiver.
Locals are watching the mall's financial problems with concern. Despite controversies over its size, expansion proposals and property taxes, it is a valuable part of the region's economy.
"Regardless of how one feels about the mall the unalterable fact is the Palisades Center is a major tax revenue driver for Clarkstown, the school district, and the County of Rockland," County Executive Ed Day told Patch. "It is also one of the premiere tourist destinations in this county, bringing in additional outside revenue that pays for local services."
Golfzon Social Palisades Center outside of NYC is now open
The First Call Golfhttps://www.firstcallgolf.com/industry-news/release/2023-02-22/golfzon-social-palisades-center-outside-of-nyc-is-now-open
(CHANTILLY, Va.) Golfzon, the world leader in golf simulator market share, and Troon®, the leader in providing golf and club-related leisure and hospitality services, announces the opening of its first Golfzon Social location today, February 21, at the Palisades Center in West Nyack, NY....
(CHANTILLY, Va.) Golfzon, the world leader in golf simulator market share, and Troon®, the leader in providing golf and club-related leisure and hospitality services, announces the opening of its first Golfzon Social location today, February 21, at the Palisades Center in West Nyack, NY.
Golfzon Social brings together the most technologically advanced golf simulators on the market - Golfzon's TwoVision – with a stylish, energetic atmosphere for the ultimate social experience. Attracting avid golfers, casual golfers and non-golfers alike, it features a creative, chef-driven menu, hand-crafted cocktails and craft beers. An industry-leading audio visual package makes Golfzon Social the destination for sports viewing and for those looking to go beyond the local sports bar.
The Palisades Center mall location features 22 TwoVision simulator bays and flat screen TVs throughout. The vibe is modern and is designed to be an excellent venue for hosting events or a night out. A second Golfzon Social location is opening in Scarsdale, N.Y. in Spring 2023. To learn more or book simulator time, please visit www.golfzonsocial.com.
“Golfzon Social sets a new standard for off-course golf entertainment and the Palisades Center location is a showcase for the vision we will be bringing to many more facilities in the near future,” says Tommy Lim, CEO of Golfzon North America. “While golf is at its core, the facility caters to everyone who is looking for a fun and relaxing time, regardless of their prowess on the course.”
The Golfzon Social experience delivers countless ways to socialize, dine and play golf. League and tournament play lets avid and casual golfers virtually compete around the world and a resident PGA Professional is available for guidance and lessons, no matter the season or weather. Non-golfers can get started in the game in a non-intimidating, welcoming setting or enjoy the board and patio games around the venue.
In October 2021, Troon and Golfzon announced a strategic partnership, wherein Troon has invested in Golfzon and their market-leading technology. Golfzon and Troon have an aggressive plan to roll-out additional Golfzon Social locations in the coming years in multiple cities across North America.
“We’ve taken everything into account with the opening of Golfzon Social, from partnering with the best simulator brand in the world to curating an atmosphere and food / beverage options that provide something for everyone,” said Tim Schantz, president and chief executive officer, Troon. “The off-course entertainment trend is only growing and Golfzon Social is set to become a major player in the space.”
One of the big differentiators between Golfzon Social and its competitors is the unparalleled technology and innovation that comes with the TwoVision simulator. Unveiled last year it is the most-advanced option on the market. Features include high speed sensors that capture club head and ball flight data for incredibly realistic performance feedback, a 24-way directional moving swing plate that recreates true stand and lie conditions, auto-tee and ball retrieval system, a virtual caddie to give players advice and multi-surface mats to imitate the fairway, rough and bunkers. The system also boasts incredibly realistic graphics that are 130% crisper than previous generations, as well as an LED putting guide to read greens.
RealFood Hospitality, Strategy & Design, a core Troon operating brand, is leading the food and beverage development and design for Golfzon Social locations. The menu is designed to bring people together and includes shareable appetizers that are familiar, approachable and golf-friendly, as well as larger meals suitable for a date night or business meeting – all with a chef’s twist. Food is available for either dine-in or takeout and is reflective of a variety of pan global culinary influences, while also including locally sourced fare. The beverage menu will feature a selection of craft cocktails and craft beers, including the 64 oz. Golfzon growler.
For more information or to book a bay, visit Golfzonsocial.com.
About Golfzon
Golfzon is a bestselling, global golf simulator company. Named best golf simulator by Golf Digest in the publication’s annual Editor’s Choice Awards for five consecutive years from 2017 to 2021, Golfzon has a presence in 62 countries with 6,200 sites around the world and 76 million rounds of golf played on Golfzon simulators in 2021. Golfzon also hosts two professional virtual golf tournaments (GTOUR and WGTOUR) with a total prize purse of more than $3.5 million.
About Troon
Headquartered in Scottsdale, Ariz., Troon is the world’s largest golf and golf-related hospitality management company providing services at 750-plus locations, including 740-plus 18-hole equivalent golf courses around the globe. In addition to golf, Troon specializes in homeowner association management, private residence clubs, estate management and associated hospitality venues. Troon’s award-winning food and beverage division operates and manages 600-plus food and beverage operations located at golf resorts, private clubs, daily fee golf courses and recreational facilities. With properties located in 45-plus states and 30-plus countries, Troon’s family of brands includes Troon Golf, Troon Privé, Troon International, Indigo Sports, CADDIEMASTER, ClubUp, Cliff Drysdale Tennis, Peter Burwash International, True Club Solutions, RealFood Hospitality, Strategy and Design, Casa Verde Golf and ICON Management. For additional news and information, visit www.Troon.com, or connect with Troon on Facebook, Twitter, Instagram,Troon Chronicles, Press Room, or subscribe to Troon Magazine.
Renowned Photographer Nancy Lensen-Tomasson to Exhibit Photos at Balfour Palisades
Kate Oczypokhttps://georgetowner.com/articles/2023/02/23/renowned-photographer-nancy-lensen-tomasson-to-exhibit-photos-at-balfour-palisades/
Photographer Nancy Lensen-Tomasson has been interested in photos ever since she was a child. The 91-year-old recalled using a box camera as a youth, taking art lessons in high school and eventually majoring in art and art history at Wellesley, where she graduated in 1953.Her first job was at former publisher D.C. Heath and Company, where she learned graphic design and book design, as well as typography. She later worked in Boston and eventually New York, where she spent time at McGraw Hill.Lensen-Tomasson eventually married and...
Photographer Nancy Lensen-Tomasson has been interested in photos ever since she was a child. The 91-year-old recalled using a box camera as a youth, taking art lessons in high school and eventually majoring in art and art history at Wellesley, where she graduated in 1953.
Her first job was at former publisher D.C. Heath and Company, where she learned graphic design and book design, as well as typography. She later worked in Boston and eventually New York, where she spent time at McGraw Hill.
Lensen-Tomasson eventually married and worked part-time in Stockholm, Sweden. Since she married who she called “an academic,” she soon found herself living in Champaign-Urbana where she worked as a book designer for the University of Illinois press and was a teaching assistant in the design department there.
“All of that before I became a photographer!” she said. While in New York, Lensen-Tomasson took photography courses in the evenings with Alexey Brodovitch, who was art director for Harper’s Bazaar from 1934 to 1958.
She eventually moved to New Mexico where her husband got a teaching job and by 1968, she decided to go back to school to get a graduate degree at the University of New Mexico in Albuquerque to teach photography.
“I’ve always been interested in people and environments,” she said. “None of my work is abstract.” Her inspiration shows in her 2021 photography book “Women of the Ivory Coast and Mali: Photographs of a Heritage.”
Her photos from the book were on display last summer at the Bronx River Art Museum in New York. The series of 22 silver print, black-and-white photos of women of the Ivory Coast and Mali are from 1989-1992. Lensen-Tomasson captured the women engaging in day-to-day tasks like washing their clothes, cooking and dancing. After decades of war, terrorist occupations and the like, the photos are a stark reminder of cultures that may be unrecognizable, or perhaps gone forever.
Lensen-Tomasson, who lives in the D.C. area, had been wanting to downsize from the home she inherited from her parents. She now has a spot reserved in Balfour Palisades, the new senior living community coming to the area next year. When she met Cynthia McKee, director of pre-leasing for the community, Lensen-Tomasson showed her examples from the exhibit at the Bronx River Art Museum. Soon, McKee proposed showing the photos as part of a program with Balfour.
Lensen-Tomasson’s photography will be on display March 8 to 22, noon to 6 p.m., Monday through Friday at the Balfour Palisades Leasing Center at 4418 MacArthur Blvd. NW. Lensen-Tomasson will be appearing at a Meet the Author Book Signing and Event Saturday March, 11 12:30 to 2 p.m., with books available for purchase.
You can read more about Nancy Lensen-Tomasson here and more information on leasing with Balfour can be found by emailing [email protected] or 202-935-5250.
Palisades Center Foreclosure Complicates Clarkstown’s Defense Of Tax Challenge
rcbizjournalhttps://rcbizjournal.com/2023/02/21/palisades-center-foreclosure-complicates-clarkstowns-defense-of-tax-challenge/
Town Hoped Subpoenaed Documents From Mall Lenders Would Show Mall’s Value Was Sound; Foreclosure Throws Wrench In Legal StrategyBy Tina TrasterFor several years, Eklecco NewCo LLC, the company that owns the Palisades Center in West Nyack, has been filing tax certiorari petitions to reduce the mall’s tax assessment. The Town of Clarkstown has consistently rejected the petitions and the fight is playing out glacially in Rockland County Supreme Court.The mall says it’s “Full Market Value” is ...
Town Hoped Subpoenaed Documents From Mall Lenders Would Show Mall’s Value Was Sound; Foreclosure Throws Wrench In Legal Strategy
By Tina Traster
For several years, Eklecco NewCo LLC, the company that owns the Palisades Center in West Nyack, has been filing tax certiorari petitions to reduce the mall’s tax assessment. The Town of Clarkstown has consistently rejected the petitions and the fight is playing out glacially in Rockland County Supreme Court.
The mall says it’s “Full Market Value” is $172,594,661, the town claims it is worth $518,386,916, a difference of about $345 million. The mall’s tax petitions say its financial troubles stem from e-commerce, declining sales, record bankruptcies and multiple store closures, particular for “department stores and fashion retailers, which were once the primary focus of our business.”
The mall is seeking a reduction of assessment from $140 million to $46.7 million. Taxes are levied on assessed value, not full market value. Full market value is determined by an equalization rate applied to the assessed value. Should the mall succeed, its assessed value would be reduced from $140 million to about $46.7 million. Its full market value would equalize to about $172 million.
Clarkstown recently scored a legal victory back in December when Justice Thomas Zugibe issued an order allowing the town to subpoena financial records from the mall’s lenders in an effort to prove the mall is worth more than what it claims in its court filings. The town’s theory is that the mall is providing a rosier set of financial data to its lenders than to the town.
But the town winning on that front is likely to be a tough strategy now that the mall is facing foreclosure after defaulting on its loan obligations. Clarkstown will have a more difficult time proving the mall is worth more than $500 million. The owners of the Palisades Center fought the issuance of the subpoenas for many months but finally agreed to provide documents “limited to any appraisals that were performed on their behalf or obtained on their behalf, and any financials that Pyramid submitted to any of those entities in connection with the transactions involving those entities.” In other words, the lenders will produce documents that are similar to the ones that Pyramid has already provided to the town.
Document production is still many months away so no resolution of the matter is likely in the short-term.
Malls owned by Pyramid, and others are struggling to survive. Ratings agencies have been downgrading the credit of debt securities backed by indoor shopping malls for years now on falling occupancy rates and rents.
Online shopping has shifted the way people buy goods and services. Many big boxes and department stores have either shuttered or become obsolete. While others replaces them and fast food continues to be a strong tenant base, malls are having trouble reinventing themselves. While there’s been talk of adding a housing element to the mall, town officials have not had an appetite to pursue that plan, sources say. As malls were becoming more vulnerable, COVID-19 issued another near-fatal blow to malls, forcing store closures. Mall owners have used favorable leasing prices and terms to fill their empty spaces.
But it might not be working.
Last week Wilmington Trust, acting as a trustee for CMBS bondholders, filed in New York Supreme Court, New York County, to foreclose on the 2.2 million-square-foot shopping and entertainment complex, claiming Syracuse-based owner Pyramid Management Group defaulted on a $418.5 million loan tied to the mall property.
JPMorgan Chase and Barclays provided Pyramid with the loan in 2016 and assigned the debt to the CMBS trust and Wilmington as the trustee that same year. Palisades Center suffered from the loss of anchor tenants including JCPenney in the years that followed, and Covid-related business shutdowns exacerbated the situation.
The loan was set to mature in April 2021, but Pyramid asked for a temporary moratorium on payments early in the pandemic, when a default appeared imminent. The two sides reached a standstill agreement in June 2020, extending the loan’s maturity date.
Pyramid failed to make good on its payments this past fall, according to the foreclosure suit, and the loan went into default, despite a forbearance agreement entered into in October of 2022. Pyramid was notified of the default in November of last year.
The Palisades Malls is not the only asset that’s in trouble.
Two loans valued at $157 million taken out by the Pyramid-owned 1.7 million square foot Crossgates Mall in Albany County appears to be headed once again toward potential default amid the widespread financial challenges, according to the Times Union.
The two loans were flagged due to fears that a default on the debt was “imminent,” according to Bloomberg. The loans, which had been given a one-year extension last May, are coming due again.
As in Clarkstown, Pyramid also has been seeking to dramatically reduce its property tax expenses in the Town of Guilderland. Crossgates has been bleeding money as it has been forced to reduce rent for key tenants and offer other retailers.
Celebrate George Washington's Birthday at Washington's Headquarters
iloveny.comhttps://www.iloveny.com/thebeat/post/celebrate-george-washingtons-birthday-at-washingtons-headquarters/
Newburgh, NY – Celebrate General George Washington’s birthday– his 291st - at Washington’s Headquarters State Historic Site. As one of the critical figures in our country’s birth, one or two days honoring him just isn’t enough; Washington’s Headquarters in Newburgh does THREE days – February 18th, 19th and 20th, from 12 PM until 3 PM each day. Admission is free for all those three days, though donations are welcomed.Sing &ldquo...
Newburgh, NY – Celebrate General George Washington’s birthday– his 291st - at Washington’s Headquarters State Historic Site. As one of the critical figures in our country’s birth, one or two days honoring him just isn’t enough; Washington’s Headquarters in Newburgh does THREE days – February 18th, 19th and 20th, from 12 PM until 3 PM each day. Admission is free for all those three days, though donations are welcomed.
Sing “Happy Birthday” to the General (reenactor John Koopman) as he cuts into his birthday cake, officially starting the day’s festivities. Have a piece of cake and prepare to enjoy all that each day offers: history, music, demonstrations of 18th century camp life, and a take-home craft.
After enjoying his cake, the General will meet visitors at his Headquarters, along with his Aide-de-Camp, Tench Tighlman (reenactor Ryan Williams.) Mrs. Washington (reenactor Sandy Spector) will join him Sunday and Monday. Each day, Balladeer Thad McGregor will offer musical entertainment, and youth of all ages can create a take-home craft! On the grounds, Revolutionary War reenactors will perform demonstrations of 18th century camp life.
Make sure you explore the Museum and our newest exhibit, The Defense of the Hudson. Other exhibits include Unpacked & Rediscovered: Selections from Washington’s Headquarters’ Collection, George Washington: Perspectives on His Life and Legacy, The Preservation of Washington's Headquarters, and the Junior Curator Project 2020.
For more information call 845-562-1195.
The Washington Project 2023…starting Monday, February 20th of President’s weekend, search YouTube’s “Palisades Interstate Parks Commission Television” for The Washington Project 2023. Watch Hudson Valley students as they present interpretations of Washington’s historic events at Headquarters through their own, individually created theatrical and musical performance pieces. There will be also a special program, The Washington Project 2023 Live!, on Sunday, February 26th at 4pm at the Safe Harbors Lobby at the Ritz, 107 Broadway, Newburgh.
The Washington Project 2023 is a collaboration between Safe Harbors of the Hudson and Washington’s Headquarters State Historic Site. Funding is provided through the New York State Connect Kids to Parks initiative, a program of New York State Parks, and the Environmental Protection Fund.
Washington's Headquarters State Historic Site is a registered National Historic Landmark. It is located at the corner of Liberty and Washington Streets within the city of Newburgh's East End Historic District. The site is one of 35 historic sites within the New York State Office of Parks, Recreation and Historic Preservation and is one of 28 facilities administered by the Palisades Interstate Park Commission in New York and New Jersey. For further information contact: (845) 562-1195. For more information about New York State Parks, please visit our website at www.parks.ny.gov. For more information call 845-562-1195 or visit us on Facebook at www.facebook.com/washingtonsheadquarters
The Palisades Parks Conservancy is a 501(c)(3) nonprofit that supports the Palisades Interstate Park system. Partnering with PIPC, we protect the PIP’s natural and historic resources by raising funds, increasing public awareness and supporting visitor education.
Palisades Parks Conservancy’s mission is to preserve the Palisades Interstate Park’s rich history and biodiversity,and protect America’s first bi-state park system. The Conservancy is committed to supporting parks where all visitors can play, connect, and immerse themselves in nature and culture.
Palisades Parks Conservancy support of the Palisades’ historic sites, including Washington’s Headquarters, ensures education programs are available to the public, our history is preserved, and sites are visitor-ready. Partnering to restore the Tower of Victory at Washington’s Headquarters is one of our proudest moments. To learn about events and programs available within the Palisades Interstate Park system, visit us at https://www.palisadesparks.org/calendar. To make a gift to support our historic sites and parks, please visit us at https://www.palisadesparks.org/donate-1.
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Contact: Elyse B. Goldberg | [email protected] | 845-562-1195
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